Band of Angels

Band of Angels, founded in 1994 and based in Menlo Park, California, is a prominent venture capital firm that specializes in seed and early-stage investments, primarily in high technology sectors such as internet services, life sciences, biotechnology, software, and energy. The firm is composed of over 130 former and current high-tech executives who leverage their expertise and resources to support innovative startups. Band of Angels typically invests between $300,000 and $750,000, often leading syndications of up to $1.5 million, aiming to acquire a one-third stake in companies for approximately $1 million. The firm focuses mainly on investments within Silicon Valley but may consider opportunities in Northern California, Louisiana, and San Diego. With a history of seeding over 250 companies, the group has achieved more than 50 profitable mergers and acquisitions and several IPOs. It also manages a $50 million venture fund, which co-invests alongside its members in selected deals.